The ICO market has huge problem today.
this is 4 reason
> Overvaluations
> Scam
> fraud
> Speculation
main reason is the failing market, most project failed to deliver due to current decline of trend if they liquidated then its fine. Also the flock of fraud project just to money grab and abandon their investors is really rampant that's why the price of ETH decline sharpy since demand of ETH from ICO is now low.